Stories substitute for reality in 2024. Movies or video games define reality for some people, political messages for others. Things long considered [...]
Markets mirror their environment. In a country and a world that have largely become irrational, markets have slipped their logical moorings as well. America [...]
Most of us can recall episodes in life where we worked toward one end but arrived at a very different one. Only 63% of law school graduates from 2015 are [...]
Year-end communications this week tended to well-wishes and wrap-ups. The McAlvany Weekly Commentary provided answers to questions asked by listeners, and the [...]
Key to the survival of a civilization is its ability to function in the face of disagreements. Any group of people will contain a variety of opinions, some of [...]
People who were conscientiously raised by well-adjusted and loving parents are often astounded at how long dysfunctional national policies can go on. When such [...]
Since the original voice crying in the wilderness 2,000 years ago, there have been many others. Some, such as John Wycliffe and Jan Hus, have had variations on [...]
Americans, we are repeatedly told by the rest of the world, are idiots for not adopting the metric system. And perhaps our retention of American customary [...]
Governments have always lied, and since Machiavelli they’ve been able to excuse it as necessary, but only the most naïve observer could fail to notice the [...]
During the hyperinflation of 1921-23 in Germany, prices of food in a restaurant could rise several thousand papiermarks (paper marks) in a single day. People [...]
In the markets, there is a ton of information. An analyst’s job is to separate the wheat from the chaff. And there’s a lot of chaff. The reasons for this [...]
Advocates of Modern Monetary Theory, like their Marxist brethren, are fond of saying that debt doesn’t matter. “We owe it to ourselves,” they say, which [...]
